Proposed NY Rule Targets Auto Insurance Discrimination

Law360, New York (May 17, 2017, 2:54 PM EDT) -- New York’s Department of Financial Services on Tuesday proposed a regulation in an effort to stem discrimination that would ban auto insurers from considering work status and education level when setting rates.

The proposed regulation, published in today's register, is aimed at preventing New York insurers from charging people who work in low-wage industries or lack a college degree higher premiums than drivers with more education or income.

"This new protection cracks down on this unfair practice that soaks drivers for not having a college degree...
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